The government will halt borrowing from the Social Insurance Fund (SIF) and begin repaying an estimated €12 billion debt, labour minister Marinos Mousiouttas affirmed on Tuesday.
Addressing stakeholders and trade unionists at a conference of the labour advisory body, Mousiouttas described the move as a “ structural shift in how the state manages pension-related finances”, with an emphasis on safeguarding long-term sustainability while limiting pressure on public debt.
“The first
